What are the pros and cons of this ? Can this increase sales in the physical store because some would like to spend crypto in bulk which they are getting from some source ?
We have been continuously asking of the advantages of introducing bitcoin as a payment method in a business, for me the clear disadvantage it actually brings if it is a local business is simply spreading adoption through business awareness, both the seller and the buyer are simply spreading awareness to others, does it add more customers? I will say not really because they can still pay with local currency except for those bitcoin enthusiasts that will like to support the movement.
If it is online business or vendor I think aside it been also increasing the adoption rate we can say it promotes the business and brings in more business customers because people outside that county or others or do not use the required fiat currency of the business owner wouldn’t have much of a hassle converting between their currency and the business owners as they can simply use bitcoin and this will promote the business more because of the ease that comes with its Payment.
Cons for me is aside the transaction confirmation is the regulation of the business owners country, for me it is risky accepting it as a payment in a country which doesn’t supports or approves bitcoin yet